Hyatt Hotels (NYSE:H) Price Target Raised to $156.00 at Robert W. Baird

Hyatt Hotels (NYSE:H) had its target price increased by stock analysts at Robert W. Baird from $154.00 to $156.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 4.10% from the stock’s previous close.

A number of other research firms also recently weighed in on H. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Truist Financial lifted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Stifel Nicolaus upped their target price on Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Finally, Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.67.

Hyatt Hotels Trading Up 0.4%

Shares of Hyatt Hotels stock opened at $149.86 on Thursday. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company’s fifty day simple moving average is $145.52 and its 200-day simple moving average is $141.09. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.94 earnings per share. Hyatt Hotels’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Activity

In related news, insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares of the company’s stock, valued at $869,922.94. This trade represents a 68.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Udell sold 3,010 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $157.00, for a total value of $472,570.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at approximately $2,158,122. This represents a 17.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,586 shares of company stock worth $3,611,550 over the last ninety days. Insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in H. Johnson Financial Group Inc. grew its holdings in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Hyatt Hotels during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.